Elixirr Share Discussion Threads

[simon gordon] 13/11/2022 11:28

FT - 13/11/22:

Here are five things I think the latest bubble got right, drawing on interviews with investors and entrepreneurs. FT readers will doubtless have better, or contrary, ideas.

First, the stock market has been right to attach enormous value to data, even if accountants have a hard time recognising it on the balance sheet. Those companies that can gather, process and exploit meaningful data have a significant competitive edge in almost every market.

Second, while globalisation may be slowing, e-globalisation is accelerating. The International Telecommunication Union estimate(opens a new window)s that 4.9bn people — or 63 per cent of the world’s population — were connected to the internet by 2021. It is targeting 100 per cent by 2030. Not only are people increasingly accessing the internet but they are accessible on it, too. A teenage programmer in a bedroom in Tallinn or Lagos or Jakarta can reach a global audience overnight.

Third, the Covid pandemic has permanently changed the world of work. Stock market investors may have suffered a sugar rush in excessively bidding up lockdown favourites such as Netflix, Spotify, Peloton and Zoom. But many companies will never be able to force valuable employees back to the office. So-called liquid enterprises that successfully hire and manage employees around the world are going to thrive — as are the companies that service this decentralised workforce.

Fourth, the energy transition will translate into colossal stock market wealth. Tesla might have become the most overhyped, if not overvalued, company on the planet. But by spearheading the electric vehicle revolution, it nevertheless symbolises an important trend.

Fifth, the evangelists touting crypto and Web 3 may have so far failed to deliver many answers, but they are asking the right questions. How do we own and trade digital assets? “Blockchain is a game-changer. It is going to restructure the back office of the world,” says one bank chief executive.

This year’s cyclical downturn in public and private tech markets is crushing these secular trends. But in the past few weeks investors have been warming again to the attractions of fast-growing tech companies. One example is Figma, a collaborative software business that has just agreed an eye-popping $20bn takeover offer from Adobe.

Dylan Field, Figma’s 30-year-old co-founder, tells me his company has been built on the “mega-trends” reshaping the tech sector. About 81 per cent of Figma’s active users are now outside the US. It may have become a cliché to say that “software is eating the world” (to use the tech investor Marc Andreessen’s(opens a new window) phrase) but it remains true. “People assume that it is over. But it is just starting,” Field says.

=====

iOLAP looks to be a really interesting acquisition. Should have a lot of growth ahead of it. Could really help with the push into ESG which is a vast and growing market.

Deloitte - 14/4/22:

Deloitte announces $1 billion investment in global Sustainability & Climate practice

Deloitte has announced a significant expansion and investment in Deloitte Sustainability & Climate, a global practice serving clients as they define a path to a more sustainable future. Deloitte’s Sustainability & Climate capabilities will support clients as they redefine their strategies, embed sustainability into their operations, meet tax, disclosure, and regulatory requirements, and help them accelerate transformation of their organizations and value chains. Building upon decades of sustainability and climate client service, Deloitte is assembling one of the largest global networks of sustainability experience including an investment of US$1 billion in client-related services, data-driven research, and assets and capabilities.

“Taking action on climate change and sustainability more broadly is not a choice. It’s an imperative. And we all have a role to play. But it’s the business community that’s best positioned to lead the way on this,” says Punit Renjen, Deloitte Global CEO.

“We have the resources, skills and influence to help build stronger and more sustainable communities. And it’s our collective environmental and societal footprint that has the potential to make or break this decade of action. This is why we developed Deloitte Sustainability & Climate. It is our way of not only holding ourselves accountable for accelerating progress on the UN Sustainable Development Goals and commitments of the Paris Agreement, but effectively facilitating action across the business community.”

The global practice will help clients to transform at scale with the launch of the new Deloitte Center for Sustainable Progress (DCSP). In collaboration with leading academic, policy, business, and governmental organizations, the DCSP network will focus on holistic, results-oriented thought leadership, data driven analysis, and accountability reporting to guide organizations through their sustainability journeys.

Deloitte will also build on its efforts of empowering individuals as part of its WorldClimate strategy by offering a robust curriculum of sustainability training courses to all 345,000 professionals along with its clients and suppliers. The curriculum will be offered virtually and through the network of Deloitte Universities.

Jennifer Steinmann will serve as the first-ever Deloitte Global Sustainability & Climate Leader. “We believe a better future is possible and getting there will depend on a profound and lasting change in attitude and behavior,” says Steinmann.

“Deloitte is committed to helping clients move from sustainability and climate commitments to action. We will do so by working with organizations to create a transformation plan as well as helping drive collaboration across a broader ecosystem―of suppliers, clients and customers, policymakers, and alliance partners across industries.”

[simon gordon] 11/11/2022 17:27

Came across this little vid...

ELIX - 2021:

Introducing our equity participation scheme

[simon gordon] 07/11/2022 11:57

Tech Market View - 7/11/22:

EY UK Consulting grows by a third

A surge in demand for digital transformation related engagements drove FY22 sales by EY UK’s consulting business up 33% yoy. Practice revenues for the twelve months ended 30th June hit some £880m matching the pace of expansion for these services set by rivals PwC during the same period (see here).

A string of recent acquisitions including Pythagoras, Blackdot, PeakEPM Limited, Seaton Partners Limited and Lane4 all contributed to this performance, albeit the overwhelming majority of the growth was organic. Building on the 9.5% yoy top line improvement achieved by the unit in the prior fiscal, this latest set of results places EY UK firmly on track to reach the target set last April of increasing the scale of its consulting practice from 5,100 personnel to 10,200 people by 2026 (see here).

The rate of growth of the UK firm as a whole also accelerated in FY22. Sales for the period reached £3.23bn up 17.2% yoy (FY21: 7.3%). Distributable profits rose by 19% to £634m resulting in average pay out per partner of £803k (FY21: £749k). From a vertical industry perspective, sales to customers in the Consumer Products, Private Equity and Energy sectors proved the most robust with full year revenues up yoy by 26.4%, 26.1% and 21.3% respectively.

The strengthened momentum with which EY UK entered the current financial year will certainly help it to better navigate the current period of economic uncertainty facing the country as a whole. It also provides the firm with a more resilient position from which to negotiate the challenges associated with likely separation of the organisation’s audit and consulting activities into two distinct businesses during the course of 2023 (see here). The next twelve months promise to be an eventful period for this Big Four player.

[simon gordon] 01/11/2022 15:53

free stock charts from uk.advfn.com

[simon gordon] 01/11/2022 14:57

If there is a Santa rally in the UK, this could catch a breeze and get back to 600p+.

[mginvestor] 18/3/2022 08:28

A very significant acquisition announced today with very favourable terms for shareholders. The price and terms seem very reasonable to me.

This upgrades FY22 broker forecasts for revs and EBITDA by 32% & 18% respectively. FY23 FCs are also upgraded for same by 42% & 26%. This now looks cheap for the growth trajectory that has been defined for next 2 years.

@mginvestor

[km18] 16/2/2022 18:32

...from WealthOracle...

Company overview:
Elixirr started in 2009 from a spirited garden table as a project to build the “best consulting company”. Twelve years later the CEO and founder Stephen Newton is recognised as a Global Leader in Consulting by Consulting Magazine. Not bad right? The company has more of a blended approach towards growth as they have made acquisitions of boutique businesses to add value to the company, starting in 2017. Their strategy is as we discussed above providing a collection of premium consulting services. ELIX operates across 16 industries in over 25 countries.
Looking at the financials, the company is a gem, although it must be noted the P/E is flying (2020 year-end was 43.4). There is one other problem which we see and that is goodwill, as it stands at more than 50% of total assets, and the net profit level would not sustain an impairment. However, there is plenty of good things to look at. Growth in revenue is staggering at 23.4% CAGR and the real yoy on 2020 was more than 2.3x. EPS CARG is even more inspiring at 70.4% and ROCE was very high in 2016-2018 period, but has settled to a more healthy and sustainable figure in 2020 of 8.45%. Gearing is negative, as the company has an asset heavy balance sheet.
Interim results, released today, continue the positive notes we’ve made so far, and the stock has spiked significantly since market open. Revenue at £24m is 77% ahead of H1 2020 and PBT swelled by 145% to £6.4m. They have a strong pipeline of projects including a Mobile and Online digital banking solution and international healthcare advisory on a billion-dollar M&A project. They are noting “numerous repeat clients” and this is good news as there is no breakdown of revenues, something we will see most probably in the annual results. The good momentum forced the management to revise once again this year the yearly forecast, now reaching £47-50m region, versus the previous £44-47m range....from WealthOracleAM

[someuwin] 14/10/2021 10:56

Still almost impossible to buy though.

[someuwin] 13/10/2021 12:09

So directors have sold £6.6m of stock.

[sunshine today] 28/9/2021 12:56

Congratulations to those invested here.

Another company in the same sector, TRD Market cap £17.6M, is valued at 19 times less than ELIX, also keeps winning awards, and growing just as fast as ELIX.

TRD have net cash of C:30% of the share price. (ELIX C:7.5%)

Deduct the cash, and they are 27 times cheaper than ELIX.

I believe TRD first half will produce a profit C 1/8th of the ELIX first half. (£800,000).

TRD has been premium listed for decades, has 6 Microsoft Golds, and pays a dividend.

Both consultancies have an extremely bright future, and pricing power, as without efficient modern IT systems, business will simply fail.

Just look at the likes of Amazon clearing out the competition.

Good luck here.

[brexitplus] 28/9/2021 12:31

Thanks both. Very sound.

[firtashia] 28/9/2021 12:27

shares can be illiquid with a wide spread, makes them off limits for traders(hence the quiet BB!)& many IIs- so minimal broker coverage & potentially outdated broker forecasts offer an opportunity for positive earnings upgrade surprises such as the one yesterday. Charts of these type of stocks can look like a staircase given the lack of volatility and, not constantly wondering whether a seller knows something I don't about the stock, I do find them easier to hold onto.

[rampmeister] 28/9/2021 11:15

I think we can add
4) Slater holding
5) 2nd half raised forecast looks overly conservative
6)US revenue doubles

Further on 5, assume there is Second half weighting and US growth of 100% in what must be their ultimate prime market is encouraging although they had haven’t declared 1st half US revenue which would have been interesting (suspect this still on low side otherwise would have been trumpeted).

RM

[brexitplus] 27/9/2021 17:11

Thanks Firtasia.

Share price seems to rise a lot on results then plateau.

My initial thoughts are that

NEGATIVE

1 the acquisitions are small in value and number

2 not sure about the "house of brands"

3 June AGM Statement was very positive but didn't lead to any change in share price

4 Newsflow is minimal

5 ELIX has been going since 2009.

POSITIVE

1 Figures are good and growing

2 Website portrays a very good impression

3 Clients are complementary to SFOR

What does anyone else think?

[firtashia] 27/9/2021 16:40

Welcome on board brexitplus. Took a position here earlier this year as I liked the numbers, and still do.

[brexitplus] 27/9/2021 16:20

Different type of clients to SFOR so could prove complementary.

[someuwin] 27/9/2021 15:48

Working with an impressive list of clients...

[brexitplus] 27/9/2021 15:44

I think I may have missed the boat, but will follow.

[someuwin] 27/9/2021 12:05

I like the look of this one!

Will be building a big position.

[mginvestor] 27/9/2021 08:02

Good to know the board is very quiet despite significantly material news today:

[simon gordon] 06/8/2021 10:04

July monthly candlestick indicating a possible trend reversal.


free stock charts from uk.advfn.com

[simon gordon] 28/7/2021 14:30

ELIX - 28/7/21:

Lakshmi Reddy joins the Elixirr Partner team

Expanding our global partner team

Lakshmi has over 20 years of experience as a marketing and digital transformation executive. She helps companies by merging her expertise in consulting, marketing, data and technology to connect customers with emerging brands and increase engagement to grow the top line. Prior to Elixirr, Lakshmi was a Partner at Wipro Digital, acting as Marketing Strategy Practice Lead for North America where she facilitated the acquisition and integration of Wipro’s first marketing agency and experience consultancy. Lakshmi has held leadership positions at Amex, Citi and Publicis. She has worked on brands including Chase, TIAA, Amica and Chapstick.

Lakshmi is the fifth addition to our growing global partner team this year. Her appointment comes soon after release of our firm’s excellent 2020 Annual Results after one year listed on the London Stock Exchange. Lakshmi’s expertise is an invaluable addition to our team, strengthening the marketing and technology capabilities we can offer our clients.

Lakshmi commented:

“I am delighted to be joining Elixirr, a firm that shares my desire to be disruptive. Following a hugely successful 2020, I am excited to be part of this trailblazing team. I’m looking forward to helping our clients create meaningful online experiences and gain edge through digital transformation.”

Eric Rich, who leads our US business, said:

“I am thrilled to welcomeR39;Lakshmi to our Partner team. Her deep ;passion for, and expertise in, marketing, digital transformation and experience design makes her a huge asset to our firm and a key player in our future growth.”